Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2836 Oak Grove Cove lot 18 Hernando, MS 38632

    View on Map
    Claim this Listing
    Picture of Land at 2836 Oak Grove Cove lot 18, Hernando, MS
    For Sale
    $160,000

    LAND - Hernando, MS

    Type:Single Family Residence
    Lot size:
    3.58 Acres
    Added:
    Apr 12, 2025
    Days on Market:
    373
    Last Refresh:
    Apr 19 at 2:06 am

    Property Features for 2836 Oak Grove Cove lot 18

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    3084170400001800
    Lot size
    3.58 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BAR E RANCHETTES SEC C FIRST REV LOT 18
    Tax Annual Amount
    562

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Area C Mays

    Listing agent Area C Mays License #S-45325

    Listing office Kaizen Realty 975 Swinnea Ridge, Germantown, MS

    Listing date Apr 12, 2025

    MLS# 4109970 Listing URL

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Hernando, Mississippi

    This 3.58-acre land parcel, situated in a cove, presents an opportunity to build a home in Hernando, Mississippi. The property offers a country living environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Travel Agency (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    DeSoto
    State
    Mississippi
    Longitude
    -90.064482
    Latitude
    34.81811

    Nearby Similar for Sale

    • $550,000
      3,663 SF

      Established Car Wash Business Opportunity

      Turnkey car wash business for sale in prime location.
      2934 S Hwy 51, Hernando, MS 38632
      View Details
    • $400,000
      1,800 SF

      Hernando Commercial Business Opportunity

      Commercial property in the heart of Hernando, zoned C2.
      310 E S Street, Hernando, MS 38632
      View Details
    • $158,000

      Ready-to-Build Lot in Hernando

      4.62 acre lot in Lewisburg School District.
      8600 County Line Road, Hernando, MS 38632
      View Details
    • $135,000

      Residential Lot in Gated Community

      Luxury lot in Gray's Creek, Hernando, MS. Build your dream home.
      7 Plank Road lot: 7, Hernando, MS 38632
      View Details
    • $135,000

      Residential Land in Gated Community

      2.7-acre lot in Gray's Creek, Hernando, MS.
      9 Plank Road lot: 9, Hernando, MS 38632
      View Details
    • $135,000

      Luxury Homesite in Gated Community

      2+ acre lot ready for your dream home.
      8 Plank Road lot: 8, Hernando, MS 38632
      View Details
    • $105,000

      Residential Land in Gated Community

      2.16 acre lot in exclusive gated community.
      36 Cyrene Drive lot: 36, Hernando, MS 38632
      View Details
    • $21,800

      Lakefront Lot in Woodland Lake

      0.82 acre lakefront lot with 90 feet of frontage.
      Dogwood Cove lot: 119, Hernando, MS 38632
      View Details
    • $135,000

      Residential Land in Gray's Creek

      Estate-sized lot in a luxury living community.
      10 Plank Road lot: 10, Hernando, MS 38632
      View Details
    • $159,000

      Land in Luxury Hernando Community

      1.2+ acre homesite in planned community with utilities available.
      870 Red Cedar Loop lot: 7, Hernando, MS 38632
      View Details
    • $150,000

      Gray's Creek Lakefront Land

      Two lots totaling 4.3 acres in Gray's Creek community.
      5823 Ginners Lane lot: 17, Hernando, MS 38632
      View Details
    • $150,000

      Waterfront Homesite in Hernando, MS

      Private 2.48-acre waterfront homesite with pond, near amenities.
      Douglas Road lot: 2, Hernando, MS 38632
      View Details

    FAQs

    What type of property is this?
    Land - 3.58 acre lot, ideal for building a dream home.
    Where is this land located?
    The property is located at 2836 Oak Grove Cove lot 18 Hernando, MS.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Large 3.58‑acre lot provides ample space for building.; Located in a cove, potentially offering privacy and scenic views.; Seller is motivated, suggesting potential for negotiation.
    (901) 335-9324
    We can help!
    Listing Contact
    Area C Mays
    Real Estate License ID: S-45325
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!